WALT: Weighted Average Lease Term, a commercial real estate indicator

Are you getting a sweet real estate deal? Is it priced way below the market? Perhaps you want to check into the WALT. This will tell you the average lease remaining on the rent roll. You may be buying your real estate for renovation and do not care about existing leases in place, however, you need to check into the leases and ensure that there are enough safeguards for you as a landlord.